Anheuser Busch to buy Blue Point Brewing

NEW YORK — Anheuser Busch InBev’s U.S. arm is buying craft brewer Blue Point Brewing Co.

Financial terms were not disclosed.

Blue Point makes more than 40 craft beers, including Toasted Lager, Hoptical Illusion, Blueberry Ale and seasonal brands, among others. Founded in 1998, it’s the 34th largest craft brewery in the U.S.

Anheuser Busch said Wednesday that the deal will bring additional resources to Blue Point’s operations, allowing it to meet growing consumer demand for its brands. Anheuser-Busch said it plans to invest in Blue Point to help grow its operational capabilities over the next few years.

Blue Point will continue to be based in Patchogue, N.Y.

The deal is expected to close early in the second quarter.

More in Herald Business Journal

Exec director of Future of Flight in Mukilteo stepping down

A former board president will temporarily lead Snohomish County’s most popular tourism attraction.

Seafood producer Keyport moves corporate HQ to Edmonds

The family business sees the city as business friendly — and able to accommodate expansion.

Peoples, HomeStreet banks bump lowest salaries after tax cut

The banks with Snohomish County branches will raise minimum salaries for employees to $15 an hour.

Amazon opens store with no cashiers, lines or registers

The Seattle store allows shoppers to use a smartphone app to pay for items they want.

Trump hits solar panels, washing machines with tariffs

The administration cast the decisions as part of his pledge to put American companies and jobs first.

Electroimpact cuts Mukilteo staff by 9 percent

“What we’re missing now is a monster anchor project,” the company’s VP said.

Exotic animals find compassionate care in Bothell (video)

At the Center for Bird and Exotic Animal Medicine, vets treat snakes, hedgehogs and even kangaroos.

Top CEOs take 4 days to earn a Bangladesh worker’s life pay

Oxfam has sought to put inequality at the heart of this week’s deliberations of the rich and powerful.

Most Read